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  • Writer's pictureMiGem

Stamp Duty Clarification

With the recent Stamp Duty extension, there is an element of confusion around various aspects of client transactions, so please find below, details of the current information:-

  1. Stamp Duty Discount extended to the 30th June 2021

  2. From 1st July 2021, the 0% stamp duty threshold will be reduced from £500,000 to £250,000 for 3 months until 30th September 2021.

  3. From 1st October 2021, the 0% stamp duty threshold will return to £125,000, or £300,000 for First Time Buyers, purchasing a property worth up to £500,000

  4. From 1st April 2021, there will be a 2% Stamp Duty Surcharge introduced for overseas buyers on the purchase of properties in England & Northern Ireland.

This surcharge will be an additional 2% on top of the 3% levied on the purchase of second homes.

Further details can be found here:-

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